The furnishings and furnishing industry is a manufacturing sector in Hong Kong with a long history. It includes the creation of household, office and kitchen furniture, in addition to mattresses, bedding and areas of furniture. An extensive variety of raw materials are utilized in production, including wood, rattan, plastic and metal. Among others, Furniture hk is definitely the major production and exports of your industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialise in the manufacture of higher-end set furniture for hotels, offices and other real-estate projects under tender-contracts.
Hong Kong’s furniture manufacturers have also began to develop their own personal brands. Furniture manufacturers also become more careful about choosing raw materials in order to meet international standards, for example compliance with legal or any other environmental requirements inside their target markets.
Green furnishings are a serious product trend. Because of the increasing awareness about environmental protection plus more stringent legal requirements worldwide, furniture manufacturers will be more cautious when choosing the materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting must also be eco friendly.
Hong Kong’s furniture manufacturers participate in the production of a variety of products including household, office and kitchen furniture, in addition to mattresses, bedding and elements of furniture.
A lot of the manufacturing activities of your furniture industry are actually conducted about the Chinese mainland. With all the head office in Hong Kong, acting as being a controlling office principally responsible for high value-added services such as management, finance, accounting and marketing, production plants happen to be set up on the Chinese mainland to utilise the benefit of lower operation cost.
A wide variety of raw materials are utilized in production, including wood, rattan, plastic and metal. Among others, wooden furniture is the main production and exports of your industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To a lot of Hong Kong furniture manufacturers, Asian countries would be the major method to obtain raw materials. For instance, wood is primarily sourced from Malaysia and Thailand, while Indonesia may be the major supplier of rattan.
About the retail side, chain stores and hypermarkets are the most popular sales channels in The United States. In Japan, imported furniture is mainly bought from specialty stores as well as stores. Within these mature markets, buyers increasingly source furniture from manufacturers, while many still purchase through agents and distributors. Specialised furniture districts or shopping centers are popular about the Chinese mainland both for retail and wholesale business.
Many Hong Kong manufacturers produce by using an OEM/ODM basis for major foreign brands. By way of example, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is among the suppliers of IKEA. Many Hong Kong manufacturers have established their very own retail stores in overseas markets, particularly around the mainland, as an example, Lamex, Four Seas Furniture and Dickson Furniture have setup subsidiaries, branch offices and sales outlets in major Chinese cities to facilitate domestic sales.
Low to medium-end merchandise is often purchased in hypermarkets. For standard products such as garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly rely on trading firms, foreign buying offices stationed in Hong Kong. They could also appoint sales agents to formulate overseas markets.
Competition is keen inside the furniture industry. Some companies strive to reduce their cost of production and increase efficiency. Some relocate their manufacturing operations to many other areas with lower operation cost. Some foreign manufacturers are taking steps to bolster their domestic production through product specialisation.
Hong Kong’s furniture manufacturers also have started to develop their particular brands. Notable these include mattress manufacturers marketing their own brands within the local and overseas markets. Furniture manufacturers also be a little more careful about the option of raw materials to satisfy international standards, such as compliance with legal or some other environmental requirements inside their target markets.
The Chinese mainland may be the largest furniture exporter to a lot of countries, for example the US and Japan Guangdong province is a major manufacturing centre of furniture on the Chinese mainland. Aside from Hong Kong, manufacturers from Taiwan as well as the united states have set up production plants in the mainland.
China also provides a huge potential niche for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry serve to drive the interest in both residential and hotel furniture, as well as other higher-end products. In 2015, the entire retail sales of Wood furniture Hong Kong products by wholesalers and retailers above a certain scale in China grew 16.1% to RMB244.5 billion. Some foreign companies are actively seeking for business partners in China to learn opportunities of putting together production or sales operations in China. Hong Kong can serve as a platform for such companies to penetrate the mainland market having its long-time expertise in production and distribution network in the mainland, and also the reputation for its quality, integrity, reliable delivery and management.
The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) was concluded in June 2003 and subsequently expanded in following years. All products manufactured in Hong Kong, at the mercy of CEPA’s rules of origin, enjoy duty-free accessibility Chinese mainland.
Exports of furniture are subjected to relevant safety and environmental requirements. Safety requirements include, for example, the stability, strength and even height requirements for youngsters furniture, and fire-safety requirements for bedding, mattresses, fabric sofas and curtains. In October 2002, a law was passed in Japan to monitor and reduce harmful gas emissions from interiors, which would hinder using materials.
The US is imposing anti-dumping duties on wooden bedroom accessories from China. Currently the dumping margins cover anything from .83% to 216.01%. In May 2008, the US approved legislation that significantly tightens certain requirements to the importation of plant and plant products, including products made from wood. Importers must file a declaration upon importation which has (i) the scientific name associated with a plant (such as the genus and species) contained in the importation, (ii) a description of your value and quantity (such as the unit of measure) in the importation and (iii) the name of the country through which the plant was taken. In July 2010, the usa enacted into law the Formaldehyde Standards for Composite Wood Product Act which came into effect in January 2011. This Act sets the regular for formaldehyde emissions from related wood products easily obtainable in the united states.
Green furniture: Because of the increasing awareness about environmental protection and more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in picking the type of material for production. As an example, they prefer fabrics that do not give off toxic fumes in the production process, for example polypropylene. To be able to reduce the consumption of wood, some alternative materials are used because of environmental concerns. Some manufacturers are also making furniture from recycled products, like reclaimed wood and old teak from wood buildings. Some manufacturers are adopting dexopky64 de-materialisation approach by designing furniture which uses less material. Furniture painting must also be eco-friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates multiple function is popular. The requirement for this type of furnishings are not confined to people located in small quarters, and also people cluttered up with stuffs. Products like a raised bed with many different storage area underneath and folding chairs hung on a wall might help provide storage solution and free space on the floor.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have become popular around the globe, specially in Europe and America.
Mass customization furniture (MCF): A trend more popular then ever in recent years. It shows the ability in the supplier to offer customised products or services at quick responsiveness through flexible processes in high volumes, as well as at costs similar to standardised mass products.
Natural variations: The new American classic with simplicity designs is coming back. Furniture featured with clean lines as well as a visible manifestation of hand workmanship is popular in the united states. Wood species such as cherry, white oak, maple and pine are-liked through the customers. The concept of mixed materials is developing. Through the use of raw materials or simulation production techniques, manufacturers can offer more interesting mixtures of materials to provide an exclusive collection.
Globally inspired design: The notion of bringing the globe into our residence is catching on and also the cultures in other parts around the world to get reflected in the appearance of Dining Chairs Hong Kong. As an example, an even more Zen-like interior space can be found in Asian inspired furniture.